Polestar Now Expects To Deliver Approximately 60,000 Vehicles For 2023 And Gross Margin Of Approximately 2% For Full Year
Portfolio Pulse from Benzinga Newsdesk
Polestar, a Swedish electric vehicle manufacturer, has revised its delivery expectations for 2023 to approximately 60,000 vehicles. The company also anticipates a gross margin of around 2% for the full year.
November 08, 2023 | 9:03 pm
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Polestar's revised delivery expectations and gross margin forecast may impact the performance of Polestar (PSNY) in the short term.
Polestar's revised delivery expectations and gross margin forecast for 2023 could have a neutral impact on PSNY's stock performance in the short term. While increased delivery numbers suggest potential revenue growth, a low gross margin forecast could indicate profitability concerns. Investors may react differently to these factors, leading to uncertain price movements.
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